NOTICE OF PUBLIC HEARING
TOWN OF ORONO
Regarding A Municipal Tax Increment Financing Development Program for the District Known As The “Orono Basin Omnibus Municipal Development and Tax Increment Financing District”
Notice is hereby given that the Orono Town Council will hold a public hearing on FEBRUARY 11, 2019, at the Council Chamber, Municipal Building, 59 Main Street, Orono, Maine, The Public Hearing will be at 7:00 p.m.
The purpose of the public hearing is to receive public comments on the designation of the proposed Orono Basin Omnibus Municipal Development and Tax Increment Financing District (the “District”), the adoption of a Development Program and Financial Plan for said District, and to authorize the execution of a credit enhancement agreement with Hub, LLC, all pursuant to the provisions of Chapter 206 of Title 30-A of the Maine Revised Statutes, as amended. The proposed municipal development and tax increment financing district consists of approximately 68.71 acres of property located on Ayers Island, the bridge and land connecting it to the mainland, and an area at the intersection of Island Avenue and Margin Street and identified on Town Tax Map and Lot 027-004-041, 027-004-042, 027-004-092, and 031-002-029-A.
All interested persons are invited to attend the public hearing and will be given an opportunity to be heard at that time.